leaky pipes, rotting wood, basement flooding—basically anything about your property that has bothered you and that you know will bother the new residents. However, you can’t be cavalier about the unknown issues. In some scenarios, turning a blind eye could get you in hot water. Depending on the province in which you’re selling your house, you could be held responsible for not discovering unknown potential problems. Educate yourself about the specific disclosures your province requires.
ON SECOND THOUGHT, GET AN INS T AN INSPECTION
You might want to consider hiring a property inspector, even if your province doesn’t require it. While the results of an inspection might cause unplanned investments in renovations, you could avoid a potentially costlier lawsuit if undisclosed issues are discovered after the sale. Getting an inspection in advance also will give you the upper hand when negotiating with the prospective buyer. There will be no last-minute surprises or unfounded demands that set the sale off course.
DISCLOSURES FOR ALL
The use of lead-based paints or other hazardous materials can be harmful to home inhabitants, especially young children. If any of these materials have been used in your home, the buyer needs to know.
WHEN IN DOUBT, DISCLOSE
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